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- W184564446 abstract "The Organization of Petroleum Exporting Countries (OPEC) Fund recommends that investments in the energy sector of developing countries (representing 50 percent of the world's population and 15 percent of its energy consumption) be given a closer analysis. Economic growth in these countries depends on their receiving a larger share of energy and underscores the need to develop alternatives to oil. With financing the major problem, international aid efforts should give more attention to a country's internal structure and to developing long-term energy balances. The report favors coordinated aid efforts in the form of capital and management policies and a shift to hydroelectric and other renewable sources. OPEC estimates that between $27 and $35 billion a year will be needed for energy development in the Third World countries. It suggests that half of this amount should be generated internally, $4 to $6 billion should come from governments of developed countries and international aid agencies, and the rest from foreign private investment. Co-financed energy projects and the net oil imports to non-OPEC developing countries and to the least-developed countries are listed. (DCK)" @default.
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- W184564446 date "1980-09-01" @default.
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- W184564446 title "OPEC Fund analyzes developing-country energy needs" @default.
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